2024-05-21 Brazilian Real News
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2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of Exchange Rates Over Time
The dataset provided points to the changes in BRL exchange rates with respect to time. After diligently analyzing this dataset, the following patterns, trends, and characteristics have been observed:
1. Overall Trend
The general trend in the BRL exchange rate is not significantly linear. It exhibits a relatively stable trend across the provided dataset. There are, however, moments of minor increases and decreases throughout. It moves within a confined range, suggesting the exchange rates do not dramatically fluctuate in the given period but show minor variations.
2. Seasonality or Recurring Patterns
Given the nature of the data and within the limited timeframe offered, there seems to be no clear seasonality or recurring patterns. The data does not showcase any fixed patterns that repeat over a specific interval. Any determination of seasonality would require a broader data set spanning multiples of typical seasonal lengths (i.e., quarters, years).
3. Outliers or Significant Deviations
The dataset does not show any obvious outliers or instances where the exchange rate diverges significantly from what might be expected based on the general trend. Most values are within a close range, and any minor spikes or dips can likely be attributed to normal market fluctuations around economic events.
It should be noted that this analysis is within the confines of the given dataset and does not account for any external factors like opening/closing hours of the markets, weekends/holidays, or effect of any significant financial news and reports. Future predictions have not been generated on the basis of this analysis as per the directions.
![An Intriguing Night of Slight Fluctuations in Brazilian Real Exchange Rates](http://currencymart.net/images/news/brazilian-real/2024-05-21/img-UhGSRtDXxF1PQh2wttT28G0A.webp)